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Thank you for your reply.
No, you cannot. It is actually bankruptcy fraud to make such a transfer with the intent to file bankruptcy and you and your friend would both be implicated in such a fraud if you do so.
Unfortunately, if you want to get rid of it and you cannot sell it, there are organizations such as http://www.donateforacause.org which will take your timeshare as a charitable donation and get rid of it.
Otherwise, you would have to sell it to someone in a legitimate sale and they would have to register it in their name and then if at that point they need to file bankruptcy, you would have nothing to do with the whole issue as it would have been transferred to your buyer.