Pamela Anderson Bankrupt — Pamela Anderson $1.2 Million In Debt: "

She was once the Baywatch babe with the million-dollar body. These days, rather than frolicking on the beach with David Hasselhoff, Pamela Anderson spends her time avoiding the numerous creditors who claim the buxom beauty is more than $1.2 million in debt.

The 42-year-old mother-of-two has reportedly run into financial problems after she failed to pay several construction companies for renovating her Malibu home in 2008, according to a report featured in the Oct. 5 issue of Star Magazine.

“She remodels her home in Malibu, then turns around and doesn’t want to pay anyone,” Jim Brown, the president of Mini-Haulers tells Star. “It’s ridiculous!”



Brown claims his company carted construction debris away from Pam’s home and is owned $1,975 for their service. “Everyone did ther job and expected to be paid, but it hasn’t happened,” Brown adds. “I have a family, and putting a food on the table isn’t easy in this economy. When someone doesn’t pay their bills, it’s that much harder.”

Pam sure isn’t bringing in the paychecks she used to. Besides appearances on the Australian reality series Big Brother, a spokesmodel deal with designer Vivienne Westwood, and last year’s E! reality series Pam: Girl On The Loose, the ’90s sex symbol has spent much of the past two years without steady employment.

“A lot of people are owed a lot of money,” Jay Bruder of Bruder Construction fumes.

The bombshell, now 42, has refused to pay Bruder $674,043 dollars for “labor and materials and subcontractorss to remodel main house, construct swimming pool, and construct foundations for [her] guest house.”

The blonde is also alleged to owe $252,360 dollars to California’s Franchise Tax Board in unpaid taxes accrued over two years. Additional liens against Pamela include: $87,696 by Donald J. Scheffler’s Construction, $83,732 by Powerhill Electric, and $40,161 by Broadway Air Conditioning Heating & Sheet Metal.

Financial experts predict Pamela may be forced to sell her $6 million Malibu mansion to cover her debts.