What happens if you delete a pvp character?

So what happens? Would you lose faction or skills, or would they be preserved when the character's deleted?

You lose nothing, only non-pvp items will be deleted (Keys, weapons etc.)

When you delete a PvP character then create another of a different look, name or profession, it's called rerolling.

Ah, sweet, thanks.
Was thinking of rerolling my failed pvp necro (like how does that happen?)

http://wiki.guildwars.com/wiki/Tolkano#Purchase_Rewards

You do lose the armor and weapons you get from Tolkano though. Those are character based rewards as must be purchased again for every new character.

Oh, well, haven't bought any yet, probably never will. Thanks again!