Baywatch

Former "Baywatch" babe Nicole Eggert is drowning in debt ... but a bankruptcy court judge just threw her a huge lifeline and green lit the sale of her crib to pay off mounting bills.

According to real estate sources Nicole unloaded her 3 bed/2/bath 2,250 sq. ft. Studio City home for a cool $1.15 mil. Most of that is going toward the $805k she still owes on the house she originally snagged for $835k.

"Baywatch" actress Brooke Burns MANGLED her BMW Thursday near Universal Studios ... thankfully, there was a guy in his PJs to give her a shoulder to cry on.

Witnesses tell TMZ ... Brooke was driving in North Hollywood when she slammed into the passenger side of a Toyota Matrix.

Police and fire units rushed to the scene ... but no one was taken to the hospital. Both cars were undriveable and a tow truck had to be called.

Brooke is built better than most to withstand injury ... she has a titanium rod and screws in her neck ... from a swimming pool accident in 2005 in which she broke her neck.

No word on the identity of the pajama man ... or why he was rockin' flannels in the middle of the day.

#jealous

"Baywatch" star Alexandra Paul just scored a victory in court ... because a judge SHUT DOWN her alleged stalker -- DENYING the woman's request for a permanent restraining order against Paul.

This is a crazy story -- as we reported, Alexandra claims Nicole Albrecht began stalking her back in 2011 ... showing up at her home, and a community pool where Alexandra trains.

Alexandra and Nicole eventually got temporary restraining orders against each other -- and today Nicole attempted to get a permanent one.

No dice ... the judge shot Nicole down -- and she ran from the courthouse with a hood over her face ... refusing to answer our questions about the case.

"Baywatch" star Alexandra Paul has just been ordered by a judge NOT to harass her stalker ... bizarre but true.

It all started back in 2011 ... when Nicole Albrecht -- a German citizen -- and her 8-year-old brother knocked on Alexandra's door at her home in Pacific Palisades and asked to use the bathroom. Alexandra obliged.

A short time later, Nicole showed up with a gift to thank Alexandra for the hospitality. But that wasn't the end. Alexandra says Nicole went psycho, showing up 3 more times in a week.

And then Nicole started showing up at Alexandra's gym and nearby pool. At that point Alexandra and her hubby went to court and got a restraining order against Nicole.

Somehow Alexandra and Nicole ended up in a room with a mediator, and they agreed to stay clear of each other at the gym, the pool and Alexandra's home.

Fast forward to October. The two women start running into each other at the pool. Alexandra pitches a fit, telling Nicole she has no right to be there. But Nicole fires back, she's a member of the community pool and Alexandra was horning in on HER space.

So Nicole went to court and just got a restraining order against Alexandra, prohibiting the "Baywatch" star from harassing, intimidating, molesting, attacking, striking, stalking, threatening, assaulting, hitting, or abusing her at the cement pond.

By the way, Alexandra ended up getting the same order against Nicole.

Say goodbye to Pamela Anderson's iconic long blonde hair -- the "Baywatch" legend has pulled a full-on Michelle Williams, chopping her beautiful flowing locks in order to more closely resemble a 12-year-old boy.

But let's give credit where it's due. Macaulay Culkin has been rocking this noise since the 90s.

Former "Baywatch" star Alexandra Paul has withdrawn her restraining order against an overzealous German fan ... in a bizarrely friendly settlement.

Here's the deal Alexandra struck with her alleged stalker ... in return for 86ing the restraining order, he doesn't communicate with her in any way, shape or form, and that includes letters, faxes or any other form of electronic communication.

The two also agreed to stay 50 ft. away from each other at all times -- unless they're at the gym they both frequent in Pacific Palisades ... or the pool at a nearby rec. center. At those 2 locations, they have to stay 15 feet apart ... so no buddy sit ups.

Here's the best part -- both say if they accidentally violate the rules ... they've agreed to immediately walk in separate directions.

Note to Alexandra ... running is permitted.

Germany's fascination with all things David Hasselhoff is blowing up in the face of another "Baywatch" star ... who just got a restraining order against a woman she says has been tailing her all over town.

Alexandra Paul, who played Stephanie Holden on "Baywatch", filed docs claiming Nicole Albrecht -- a German citizen -- is infatuated with her and the situation's been escalating for months ... including the following alleged incidents:

- Albrecht and her family show up uninvited to Paul's house and leave gifts and a note.

- Albrecht trailed Paul into a bathroom at her Pacific Palisades community pool ... and also appeared to chase Paul on foot during a hike.

- Albrecht waited for Paul in the parking garage of her gym and grabbed her ... until a manager at the gym intervened.

In the docs, AP goes all "Snatch" -- blaming "Zee Germans" for Albrecht's obsession, saying ... "This woman, Nicole, is from Germany and Baywatch is extremely popular there."

The court granted Alexandra a Temporary Restraining Order on Thursday which requires Albrecht to stay 25 feet away from AP and her husband.

A hearing is set for Sept. 12th to determine whether to extend the protection.

FUN FACT: Alexandra and her husband, Ian Murray, are both badass triathletes ... as in "Ironman" competitors.

Ex-"Baywatch" star Jeremy Jackson is currently in a meeting with honchos at Chippendales in Las Vegas -- and we're told, both parties are trying to hash out a deal for the actor to join the bow-tied bunch on a full-time basis.

Jeremy's rep tells TMZ, the former child actor is on deck to fill an empty celebrity host spot ... following 98 Degrees singer Jeff Timmons -- but unlike Jeff's short stint ... this would be a long-term deal.

We're told Jeremy is extremely serious about the gig -- going to Vegas last weekend to try on the bow tie and shirt cuffs (above) just to get a feel for the experience.

And that's not it ... we're told Jeremy's also been working out non-stop to prep for the position -- and after entering "Celebrity Rehab" earlier this year for a hormone-injecting fitness addiction ... he's doing it ALL-NATURALLY.

We're told an announcement is expected to be made shortly.

Here's the deal -- the bald guy who ate at Geisha House in Hollywood last night is ALSO named David Hasselhoff ... but he's a power technician from Texas.

Turns out ... Bald Hoff and German pop star Hoff are switching lives for a new CBS reality show -- in which celebs trade places with normal people who happen to share the same name.

In just six months, the 38-year-old has reshaped her curvy physique into a rock hard bod.

Forget Charles, Nicole's in charge ... though not large.

The Hoff's trip to 25 Degrees at the Roosevelt turned into an all out lovefest after he decided to go to the front of the hotel -- where his star on the Walk of Fame is conveniently located.

A tour bus even unloaded to get photos with him -- and dude couldn't have been nicer.

Eggert, who says she spoke with Haim's mother yesterday, echoed Corey Feldman's words from "Larry King" -- saying "don't assume" it was an overdose.

As we previously reported, Haim had pulmonary congestion, an enlarged heart and water in his lungs -- but the Coroner has not determined that any of those conditions caused Haim's death.

TMZ just contacted the owners of the Bentley -- one of whom, we're told, is slated to be on the upcoming "Real Housewives of Beverly Hills."

Lisa Vanderpump -- who appeared on "Silk Stalkings" and "Baywatch Nights" -- is married to Kenneth Todd. They live near Charlie Sheen's house in a gated community. The keys were not in the car, Lisa says. The car was parked in the driveway. Lisa tells us they have surveillance footage of the crime.

Lisa and Ken own the fancy Beverly Hills restaurant, Villa Blanca.

UPDATE: Law enforcement sources tell TMZ police are investigating to see if the Charlie Sheen and Todd incidents are connected. They have looked at the surveillance video from Charlie's house and there is a shot of the thieves leaving the scene, though it is hard to ID them.

Nicole was once engaged to former child star Corey Haim.

Eggert appears in the latest season of "Celebrity Fit Club."

Roderick -- who's currently renting the Los Angeles home out to tenants -- tells us firefighters responded quickly and extinguished the flames in 7 minutes.

We're told no one was injured in the blaze. Authorities are currently investigating the source of the fire.