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Chevrolet-Saturn of Harlem Inc., a New York-based affiliate of the Detroitf automaker, was the first GM affiliate to seek bankruptcgy protection Monday morning throughthe U.S. Bankrutpcyu Court's Southern District of New York, accordiny to court records. The restructuring will enable GM to emerger as a viable entity under the brand namenew GM. It also will give the federalo government, which plans to make availablsabout $30 billion of federal assistance to supportf the restructuring, a large ownership stake in the Two area companies were among the list of creditors in GM's filing: New York-based Bank of New York Mellon, with claimsw of $176 million, and Downtown-based US with claims of $9.
6 million. For a list of see GM's . According to a releaser from theWhite House, the company plana to announce today that it will close 11 facilitiexs and idle another three. GM had already announced in May .
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