More often than not it is the actions of one set of individuals that forces a club into debt, and it is then left to a takeover consortium to try and pick up the pieces. Where this is the case, the current system penalises those who rescue clubs rather than those who cause the mess in the first place, and Hearn's proposals would only make this even worse by increasing that punishment.
The better solution would be to issue ten year banning orders preventing the individuals responsible from involvement in football at any club.