Did he have insurance? Answer: Yes, but only enough to cover about 25 percent of his losses. "Most, if not all, will be going to the creditors," he said. "After that, I will still be in debt … with family loans. It's going to be a sticky mess trying to amortize this for another several years or more. Once I finished off my loan in several years, I was going to give more, in terms of money and time, to the community to help. But everything collapsed."