He would file a sold notice with the DMV, keeping permanent confirmation and documentation of the notice, and remove and turn in any existing license plates to the DMV.Problem is, should something happen causing injury, OP is still the titled owner and could be dragged into the situation.
That could give him a defense to any lawsuits or tickets.
If OP voluntarily offered money and the lender accepted, that would not violate the bankruptcy?working something out with the lender.

