Janice Dickinson, the self-proclaimed "world's first supermodel," is $1 million in debt, flat broke, and has finally declared bankruptcy.

This is what happens when you call Tyra Banks fat.

According to Page Six, the 58-year-old former model owes more than $8,000 to a dermatologist and another $8,000 plus to a specialist who runs the Beverly Hills Anti-Aging Center.

But that's chump change compared to what she owes Uncle Sam -- Dickinson hasn't paid taxes for over a decade, so she's currently on the hook for some $500,000 to New York, California and the federal government.

And somewhere, Tyra giggles with glee.