Comment 21 for bug 798414

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Enrique Latorres (enrique-7) wrote : Re: update-initramfs should produce a more helpful error when there isn't enough free space

Most likely is that you have a separate boot partition because you are using lvm or an encrypted filesystem. Most kernel updates add a new kernel but do not erase old versions. This way boot partition gets full. The solution is simply to uninstall unused kernel images...
if possible install aptitude, run "sudo aptitude search ~ilinux-image". This will show you the installed kernels
Just remove the older versions, keep two of the newest.
Run "sudo apt-get autoremove linux-image-3.8.0-23-generic" for each of the older kernels. Put your version here.
This should free space on boot partition...