Yes.  You.  Are.

You gave away possessions you could have sold to repay squall.  Don't try to pull that "unwillingly" shit around here.  You have nothing in common with someone who tries to pay their debts but cannot - you intentionally made yourself unable to pay them.

Most likely you weren't so much counting on the economy collapsing to get you out of paying squall so much as expecting to be arrested and incarcerated before your repayment fell due.