What is an undertaking in divorce finances?

An undertaking is a legally binding promise to the Court, to do or not do something. In the context of divorce financial matters, an undertaking can be given when it is not immediately possible for one party to complete a financial action, such as releasing the other party from a mortgage, or liability from a loan. Failure to comply with an undertaking is a serious matter. If an undertaking is not complied with, the court has the power to fine the person in breach of the undertaking and/or imprison them to ensure compliance