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Chevrolet-Saturn of Harlem Inc., a New York-basedc affiliate of the Detroit automaker, was the first GM affiliatr to seek bankruptcy protection Monday morning throughthe U.S. Bankrutpchy Court's Southern District of New according tocourt records. The restructuring will enablse GM to emerge as a viable entitu under the brand namenew GM. It also will give the federa l government, which plans to make availableabouty $30 billion of federal assistance to supporrt the restructuring, a largde ownership stake in the company. Two area companies were among the list of creditorain GM's filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US with claims of $9.
6 million. For a list of creditors, see GM's . Accordinfg to a release from theWhite House, the companyh plans to announce today that it will close 11 facilitiez and idle another three. GM had alreadyy announced in May .
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