Since my main account was suspended, what will happen to the $500+ of content under that profile. If I'm told I have to shell out all that money again I'll be more than extremely upset with this.
If the account was give a permanent ban/suspension, everything associated with that account is forfeited. For example Gold time, Microsoft Points, achievements and DLC.
You will have to buy them again.
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Thanks for the answer. Now that I'm over-the-top enraged I'll now sell my xbox.
Fair enough if you want to sell your Xbox, but you should have read the terms and conditions and not do anything that would warrant a ban.