If the unpaid balances are for workers' compensation insurance premiums, you first need to determine who is responsible for payment. If the policies were in the name of the business, then your personal assets should be safe so long as you formed the business as an LLC or the like and there is no personal guaranty of payment. If the business has ceased operations you will want to make sure that the business is properly closed with the Dept. of State, otherwise it may be possible to pursue personal assets to satisfy the debt.
If you are personally liable for payment, then bankruptcy is your most likely avenue of relief. Although extremely rare, it may be possible to have the student loan debt discharged through Chapter 7. You should consult with a bankruptcy attorney. Many are willing to initially meet for free.
That is a tough pickle. BK will probably clear a lot of it, but under most circumstances, an Uninsured WC claim will follow you as long as a tax debt or student loan. A past insurance premium deficiency is probably dischargeable, but an uninsured claim will clearly not be.
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You should seriously consider talking to a bankruptcy lawyer about what is dischargeable and what is not. The workers comp audit shows money owed for the insurance, not for a claim. The insurance company will have paid any claims by now in most situations. A good Bk lawyer will know what to do next.
I also think that you should speak to a bankruptcy attorney about this problem. It is a shame to see you in such a position, and I hope things work out for you.
I will evaluate your case for free. I can also refer you to an attorney to help you if I cannot help you. Joyce J. Sweinberg, Esquire 215-752-3732 www.jjsassoc.net Disclaimer: Please note that this answer does not constitute legal advice. It is merely intended to provide general information to aid the poster in finding answers to the problem posed. This answer does not create an attorney-client relationship. In most cases, it is best to contact an attorney directly to find answers to your problems.