London, Nov 11 Pamela Anderson has dismissed rumours that she's on the verge of bankruptcy.

The 42-year-old Anderson has been marred by bankruptcy reports after it was alleged that she had an outstanding amount of 666,670 pounds in unpaid taxes and construction bills.

Anderson had also been sued by five building firms, which claimed she had not paid them off for the renovation of her Malibu home.

However, the star insists that her financial position is pretty much sound.

The Daily Express quoted her as saying: "That's all garbage. I have a beautiful home in Canada, nine little cabins on the dock that I'm building and a store in the front. That's going to be kind of my sanctuary. I think eventually I'll be out of L.A. and I'll be living more on Vancouver Island. And Malibu, I can't get away from Malibu... I'm all over the place." (ANI)