I find the hardest thing about restoring a brush is getting the old knot out. I'm always scared I'm going to wreck the rim of the handle when doing this with a drill or dremmel. I'd be keen to hear your tips and techniques for doing this!
Cut off and dig out as much of the old hair as possible.Drill lots of 1/4" holes as close together as possible in the old epoxy. Use a small screwdriver and a small hammer to crack the glue between the drilled holes. Then clean out whatever is left.
I highly recommend a dust mask for this process too...
The old adhesives and hairs as you drill or sand away are pretty nasty.
If you do not have a drum sander (Dremel) then a dowel wrapped with sand paper works quite well for both getting the hole perfectly cleaned out and to enlarge it if needed.