From what I know, all that's lost would be your character, their stats and progess. Which you can get back playing the game.
I've already deleted a few characters before and I can assure you, all the stuff that I had in my inventory stayed there since I had two other characters.
Also your exotics that have been collected will remain in your collections section of your vault. You won't lose it.
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[quote]From what I know, all that's lost would be your character, their stats and progess. Which you can get back playing the game. I've already deleted a few characters before and I can assure you, all the stuff that I had in my inventory stayed there since I had two other characters. Also your exotics that have been collected will remain in your collections section of your vault. You won't lose it.[/quote] This is exactly what I needed to hear. Good to hear the class specific exotic armor aren't lost when you delete that class.