Sorry to hear about your financial troubles. As far as I know, you are not able to default on student loans. There are also new backruptcy laws that include 1 year of financial counceling befor you can file. You may want to think about a second job maybe, you may also be able to defer your current student loans if you go back to school. I'm not sure if these are options that will work for you, just a thought.
I made a vow to never sell my Camaro unless it was life or death. I had one 12 years ago, and it took me 10 years to find another. If you sell your car, you may never find another. If you do, it may be way out of your price range.
I hope everything works out for you.......
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