A secured party that applies or pays over for application noncash proceeds shall do so in a commercially reasonable manner. Every column except B, Q, R and S is required for each debt obligation and must be provided for this report to be considered complete.To satisfy this requirement, as discussed above, the secured party must have actually made payments under a loan or letter of credit. Sometimes a debt, or part of a debt, that you don't have to pay isn't considered canceled debt. These exceptions are discussed later un-. The Attorney shall complete any required cover sheets or information forms for the Clerk. 3. You will fill out the Final Decree of Divorce form so that it reflects your agreement. Chapter 7 is known as "straight" bankruptcy" or "liquidation. " In a Chapter 7, a list of all of your assets and debts is filed with the bankruptcy court. Facility Management Plan or FA Documents. 7.6.