Car and motorcycle trade

Okay, heres some context. I, F(23) am trying to trade my Subaru for my dear friends M(27) motorcycle.

Location: Colorado.

Now, I have a loan on the car. I owe 11k and 3 more years of financing. He owns the bike, so we thought about transferring the loan. However, he had to file for bankruptcy recently (crazy ex girlfriend put him in a looot of debt from repo’d cars and bad decisions.) so he can’t take over a loan. I did call my bank, just to see if there’s a way that I could continue paying off the car, but he can register and insure it under his name. However, that’s a straw loan. And the bank doesn’t permit it (understandably). The bank did say we can have a shared loan on the car, but that’s about it. And if that’s the case, is he even allowed to do that if he’s filed for bankruptcy??

I have a 2006 WRX STI (unreliable, I knew this when I got it. But I’m so tired of dealing with it, plus I love the motorcycles way more), and he’s been a Subaru mechanic for yearsss so we really wanna make this work! Any and all advice is appreciated. I don’t mind continuing to have to pay down the loan, for he’s giving me the bike plus $3,000.

(Pls don’t tell me that I made a poor financial decision w the car. I already know 🥲)