Upright Law LLP, holding itself out to be a technology-based consumer bankruptcy firm, says it’s poised to move forward after sanctions and other questions over its business practices prompted it to change its management structure and appoint an ethics monitor.

“We acknowledge we’ve made serious mistakes in the past,” Craig Sonnenschein, Upright’s general counsel and chair of the firm’s new management committee, told Bloomberg Law in an Aug. 9 interview on the changes.

“We’ve made a lot of progress. Our...