Is it permissible for an employee to negotiate the waiving of part of the debts owed by the company if it is unable to pay the full entitlements, after the failure of continued factory leasing and the insufficiency of the remaining asset value to pay all debts?

Firstly, the insolvent debtor must be given respite until he is able to pay. The criterion for insolvency is that the debtor does not possess wealth, beyond his essential needs, that suffices to cover his debt. If the debtor possesses surplus wealth and delays payment, then he is a procrastinator and exposed to a severe warning, for "the procrastination of the rich is injustice," and his honor and punishment become permissible.

Secondly, the creditor's negotiation to waive part of the debt is permissible if it is based on forgiveness and mutual consent, and he is not obliged to do so. However, if the negotiation means "I will not give you your right unless you waive part of it," then this is forbidden and an unlawful consumption of wealth.