US auto giant General Motors, which filed for bankruptcy protection in a US bankruptcy court yesterday, said it owes the Lakshmi Mittal-led global steel major ArcelorMittal a "trade debt" of $9.55 million.

In its Chapter 1 filing with the bankruptcy court, GM said it owed a total of $172.81 billion to its 50 largest creditors, including ArcelorMittal.

GM owes debtors more than double the net worth of its assets. Against the combined debt of around $173 billion, the auto maker said it has assets worth a total $82.29 billion.

GM owes the maximum of $22.76 billion to Wilmington Trust Company, the largest among its 50 big creditors, followed by International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), which it owes $20.56 billion.

GM owed the United Auto Workers (UAW) a total of $20.56 billion, as part of "employee obligations", which it termed "bond debt."

GM also owes the Deutsche Bank AG $4.4 billion, which is also classified as "bond debt."

Others in the creditors list include:  Bank of New York Mellon, Magna International (of canada), Hewlett Packard & Co, telecom major AT&T Corp, auto parts maker Visteon Corp, tire maker Goodyear Tire & Rubber and oil giant Exxon Mobil Corporation.

The New GM will have top pay $26.75 million to Magna International, which, along with a Russian bank would be taking over GM's European operations, including the Opel and Vauxhall.

Meanwhile, Visteon Corp, which is a creditor to GM - GM owes it as much as USD 9.8 million - has also filed for bankruptcy protection.