Washington, Sept 25 : Pamela Anderson may be in on the verge of bankruptcy, it has emerged.

According to the Star magazine, Pammie is believed to be knee deep in debt owing more than 1.2 million dollars to various people.

The 42-year-old bombshell is reportedly ran into financial problems after she failed to pay up construction companies for renovating her Malibu home in 2008.

Fox News quoted the manager of Bruder Construction as telling Star: " a lot of people are owed a lot of money."

Apparently, the bombshell has to pay him 674,043 dollars.

The blonde is also supposed to be paying 252,360 dollars to California's Franchise Tax Board in unpaid taxes accrued over two years. (ANI)