Celebrity bankruptcy: Wayne Newton

Financially Distressed CompaniesBankruptcyWayne NewtonEntertainment
The "Danke Schoen" crooner who became known as Mr. Las Vegas filed for bankruptcy in Reno in 1992, seeking to reorganize some $20 million in debt. At the time, Newton was said to be making $250,000 each week by performing in Las Vegas. Newton rebounded with a entertainer-in-residence gig at the... Julie Jacobson / Associated Press