> you liable for damages that you have caused

only if you did something illegal. You cannot be sued for more than you own in a civil suit.

In the United States, you absolutely can be sued for more than you own.

I should have clarified - of course you can be _sued_ for any amount. I meant that you cannot be forced to repay more than what you own - you bankrupt your way out of it, or accept a settlement.

The only debt you cannot discharge via bankruptcy is student loan debt, iirc.

In what jurisdiction?