thank you po ng marami.. mga Sir hindi po ba masasama sa demanda ang kaibigan ko kapag sinurrender na nya ang sasakyan?
When there is a sheriff involved, presumably the case filed is Recovery of Possession for that motor vehicle by the financing institution. The defendant in that case is the friend of your friend. Since, the subject motor vehicle is in your friend's possession, the Sheriff may get it from him by virtue of the writ (Assuming there is already a decision in favor of the financing institution). If your friend will not surrender it to the Sheriff, he may be held liable for contempt of court or the financing institution may institute a case for carnapping against him.
He cannot do anything against the financing institution for that motor vehicle in his possession since technically, he is not the owner thereof. The only recourse is to go after his friend and file the necessary criminal charges against him.