The last days for GM are in effect. General Motors filed for level Chapter 11 bankruptcy Protection today. The company said it has $172.81 billion in debt and $82.29 billion in assets. A union spokesman at the GM plant in Spring Hill confirms the 2,500 employees there have been told the plant will be idled. As it reorganizes, the fallen icon of American industrial might will rely on $30 billion of additional financial assistance from the Treasury Department and $9.5 billion from Canada. That’s on top of about $20 billion in taxpayer money GM already has received in the form of low-interest loans. GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company.