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Chevrolet-Saturn of Harlem Inc., a New York-based affiliated of the Detroit automaker, was the first GM affiliates to seek bankruptcy protection Monday morning througghthe U.S. Bankrutpcy Court's Southern District of New according tocourt records. The restructuringf will enable GM to emerge as a viabls entity under the brand namenew GM. It also will give the federaol government, which plans to make availabl about $30 billion of federal assistance to support the a large ownership stake in the Two area companies were among the list of creditorsin GM'ds filing: New York-based Bank of New York with claims of $176 million, and Downtown-basec US Steel, with claims of $9.
6 For a list of see GM's . According to a release from theWhitwe House, the company plans to announcr today that it will close 11 facilities and idle anothe r three. GM had alreadh announced in May .
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