Originally posted by bylandt11:

If you die, it's wise to make a copy of your character the day before you died. (xxx.fch.old). If you find it impossible to recover your equipement, you can use that save.

Afaik, xxx.fch.old will hold a naked (dead) character, because the game saves once when you die, and a second time when you disconnect. Your trick should work if you alt+tab just after respawning, and go rename that xxx.fch.old file (and while you are at it, also the two .old world save files), prior to disconnect and reload that renamed game.