What to do if encumbered?

Hi,

I have a friend na may utang sa akin na cash.

Since hinde siya makabayad, iniwan na muna niya ang fortuner niya with encumbrance,.

Pumayag naman ako since alam ko babalikan niya.

Now, it has been 6 months at wala pa siya nababayas sa amin.

We think that the bank or financing company is looking for this car since nalaman ko na baon na baon pala sa utang un.

Now, what can i do to dispose? I dont have cash to settle this vehicle sa bank din, and its consuming parking space din.

1. Pakatay ko na lang? Where? Sa akin kasi maging pera na lang.

2 return to bank? Un nga lang, wala ako makukuha kahit piso.

Appreciate your inputs