Talk:Trading and Gifting/@comment-68.102.216.152-20130717170651/@comment-5166842-20130717202211

No problem. Yes, you get to keep all your stuff and everything. Unfortunately the game's difficulty doesn't scale with the NG+s so you'll be pretty overpowered for a while. That can be kinda fun though.

All the NPC stuff resets each playthrough, so there's no reason to delete a character unless you simply want a fresh start.