try to follow me here.
i pay monthly credit fee for my car.
i have Y sum back to pay in total.
guy crashes into my car. it is totaled.
repair cost is greater then the half of the car's current worth.
the insurance company declares it an economical totalcrash.
he only pays 50% of the current worth as insurance.
lets call this money X.
bank declares i ruined his property. he wants all the credit back in once.
i have to pay Y.
insurance gives the money to bank.
bank punishes me for being at a bad place at a bad time (i have no responsibility for the CRASH, im innocent)
i have to pay another 50k to the bank as punishment.
i own a wreckage.
i am -50k.