Last week, Star Magazine had a surprisingly no-bullsh-t piece about Pamela Anderson’s general financial situation. It seems Pamela owes more than $1.2 million in construction costs and back taxes, and Star had quotes from a few of the contractors who did work for Pamela and weren’t paid. Many of the companies have gone the legal route, and taken liens out on Pamela’s Malibu home. It’s totally possible that if this situation isn’t resolved, Pamela could lose her home.

Instead of just admitting that she’s in a financial pickle (or she could just, you know, keep her mouth shut), Pamela has decided to show us what denial looks like. Denial is not pretty. Denial is a busted face and big, ugly, fake bazongas. Here’s denial:

Pamela Anderson says she’s not bankrupt – thank you very much – and is firing back against allegations that she owes more than $1 million to contractors and back taxes.

“I’m financially secure and I want to thank everyone who expressed concern for me based on these rumors,” Anderson said in a statement Monday. “I am actually touched at how much concern has been expressed for me over this. It is true that I am in a dispute with some of the contractors working on my home. This is because after paying millions of dollars to build the house I continue to get bills from the contractors.”

L.A. County records show that five construction companies have filed liens for unpaid bills for remodeling work done on the star’s Malibu home, with one company claiming $674,043 alone for “labor and materials … to remodel main house, construct swimming pool, construct foundations for guest house.”

Repeated calls to the contractors were not returned.

“My lawyers are reviewing the work done to see if the bills are fair,” Anderson continues. “If they are, they’ll be paid. If they aren’t, they won’t be. I am just sorry [one of the contractors] went to the press, especially when I was working out of the country.”

County records also show that Anderson owes $252,360.39 in back state taxes and penalties for 2007.

Anderson added, “On a separate issue, mistakes may have been made in calculating taxes owed and we are now in the process of ensuring that any taxes owed are paid.”

[From People]

I would be perfectly willing to give someone other than Pam the benefit of the doubt. I might even give Pam the benefit of the doubt, had it just been one contractor who put a lien against her home. But there are like five contractors who haven’t got paid! That, plus the back taxes, it makes me think that Pamela has some serious financial worries. Last time I said that Pam should get her real estate license. My next suggestion is that she should make another sex tape with someone really unexpected (Sparkles Pattz!), and sell it for profit. Even though she looks busted, I’m sure a lot of guys still would pay for that sh-t.

Here’s Pamela Anderson makeup as she drives in Malibu on September 19th. Images thanks to Fame Pictures .