SEATTLE - Celerex Corp., a provider of high-speed payment processing systems to retailers, said it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code.

Celerex said the move will not disrupt its services to customers.

The company's bankruptcy documentation showed a total debt of $1.4 million to 130 creditors, 79% of it secured. Assets were $262,373.

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