Is it permissible to deduct the loan amount from delayed financial entitlements when the company is in default and its owner demands that employees repay the loan, including those who are debtors?

If the company owner becomes bankrupt, it is not permissible to offset the loan against the salary owed to the questioner, because the rights of the creditors are attached to the assets of the bankrupt, and the employee is on equal footing with the creditors. However, if he is not bankrupt, then offsetting between the two debts is permissible.