There is a good message in this article, Denis. I have been in a similar situation. Actually, I had a friend who had written off their car, with no insurance. they could not get a loan to buy another, so I foolishly took out the loan for then but they agreed to make the payments. well, they made the first couple, but after that it was up to me. After a point I refused to pay anymore and the car was repossessed, but I was still up for money owing.

After that I adopted the motto, "Don't lend what you can't afford to lose."