I had a very similar inventory each time, attempting to re-gear. Red Wool Coat, Black Cargo Pants, Black Baseball Cap(CMMG), Black SKS, Courier Bag, Black Fireaxe and a Sawn Off Shotgun in my bag.
I had also died after the first loss of gear, respawned in a new server and it happened again after gearing back up, so it wasn't particular to any one character or server. This all happened on Hardcore as an Asian Male. My position prior to logging out is always retained, only items are lost.
*ALSO* I just noticed when I nabbed this screencap from a recording, that this is a very old version of me. Prior to log out I had similar gear but my axe was black, my compass was in my pants and my shirt was completely full of books and stuff.