Hi Baccalad,
As I understand what you are saying:
you installed parallels
then you created a bootcamp partition on you mac and installed windows 7,
The question is did you install windows again?
If not did you get a screen that said you would need to reactivate you windows machine. If this is the case you should read this
Article about reactivation of bootcamp vm:
http://kb.parallels.com/en/9703
BootCamp Information
Your MyBootCamp.pvm should be a link to your bootcamp partition (its like a window/door that can access the bootcamp installation trough your mac) you will need to install parallels tools. What you do in one should also occur in the other it is the same machine.
I have a MyBootCamp.pvm (this should be represented by a small iMac icon, on your desktop or in your Parallels folder )
Your Boot Camp partition drive should appear on you desktop like a hard drive with its name underneath (in your case Windows 7 unless you renamed it), you can also find this partition by going to: System Preference - System - Startup Disk you should only see one partition other than your mac.
If you have two .pvm you may have created a second .pvm during or after installation and given it the name Windows7. both will point to the same Boot Camp partition (if you did not rename the pvm it would give it the name My Boot Camp 1)
I hope this information helps.
kat