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Buzz that Pamela Anderson is broke, bankrupt and even that she’s more than $1 million in debt after building her new Malibu home is “crazy,” according to the blond bombshell herself. Pam’s responding to the reports by admitting that she is involved in a dispute regarding work done by a contractor, but that the rest of the reports aren’t true.

Her management has issued a statement, explaining that she wasn’t immediately available for comment after being out of the country in New Zealand working on the new A*Muse Richie Rich fashion line.

“These reports are crazy and I cannot believe this has become a media issue. 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. My lawyers are reviewing the work done to see if the bills are fair. If they are, they’ll be paid. If they aren’t, they won’t be,” Pamela says in the statement.

“I am just sorry this contractor went to the press, especially when I was working out of the country. I did not speak publicly about this before because I had no desire to embarrass anyone who worked on my home and whose work and bills are now part of arbitration. 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. Unfortunately there are tax liens. However, I’m financially secure and I want to thank everyone who expressed concern for me based on these rumors.”

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