Most loan modification trail period documents have language in them that says that perfoming the trial alone does not guarantee that you will receive a modification. You should have the documents reviewed by an attorney in your area as different states have different laws relating to contracts. For personal help regarding your loan modification,I highly recommend contacting Sarah Laflin at firstname.lastname@example.org. She has helped several homeowners around the country by getting to the right...
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Before anyone can answer your question on dissolving, you need to advise them of the type of entity you and your friend formed. Is it a partnership, corporation, limited liability partnership or other type? Dissolution depends on the type of entity.
Be sure you receive an answer from an attorney located in Texas as wage and hour laws differ state to state.