If no financial commitments between the parties remain in place after a divorce, e.g. ongoing spousal maintenance, this is known as a clean break.
In cases where ongoing spousal maintenance would normally be paid a clean break can still be achieved. This can happen if enough financial assets exist to enable the liable party to transfer a suitable amount that covers the value of any future maintenance.
It is not possible to achieve a clean break in terms of financial responsibility for children. As a clean break is only possible in relation to your spouse and not your children.