My concern is this...

What about the director who will receive a chargeback for items some other consultant bought, and some other director made the original commisssion off of?

Doesn't seem fair to me.  Now I realize many here are probably not real happy with their directors for a number of reasons, but I don't know if this is the right way to do it...

Does that make sense?

Right now - and I know how this is going to sound (like that danged ole Director of mine has gotten over on me, but trust me, she hasn't....I'm just more or less trying to let her help herself see that there's no possible way to eliminate this kind of inventory in the kind of time that it needs to get gone) - but what I've decided to do is this.

I've decided to do an inventory reduction sale - basically a buy one, get one (of anything) free.  It'd work out where I'm getting more for the product than I would get if I were to send it back (100% from customer vs. 90% from MK), so whatever I can move between now and whenever I decide I've had enough (which is tentively set for January 31, is icing on the cake for me.  Since I started the inventory reduction 1 week ago, I've "moved" $1500 or so in product off of my shelves with many samples having still not reached their recipients yet.  Many of those sample requests were for Microdermabrasion, so I'm hoping that I can move some more product before January 31. 

As for whether or not it's fair to combine inventory to send back to MK or not - I'm not so sure that it is exactly fair for a company to sell a product to someone that they are so totally behind and then not allow that person to return it to them when they have overstock or for a discounted refund/credit when it becomes obsolete and it's still on their shelf.  Normal retail companies aren't "stuck" with products in that same manner.  It's not the consultant's fault that they're stuck with the product - it's not the consultant's fault that they can't send it back to MK without MK charging the consultant's Director any commission they received for the product in the first place.  If MK was truly about "enriching women's lives" and helping those that work so dang hard for them to sell their product and promote their business, I'd think that they wouldn't work so hard to charge those commissions back to anyone at all.  So, while it may not be the BEST thing in the world to do, I'm certainly not going to lose any sleep over it.  They certainly aren't losing any sleep over what they've put me thru over the last several months!

Alpayton, great idea.  That's exactly what I did, I sold off as much as I could at exactly my cost (not below, which is what you get from MK repurchase).  But I gave myself a deadline so that whatever didn't sell or that I would never use could still be sent back to MK in time - don't let your return date for the maximum $ amount slip by, unless you've got another plan.  I actually have "Going Out Of Business Sale", "Mary Kay BOGO!", and lots of other flyers that I made up in MSWord if you want me to email them to you.  If you have enough people interested, it might be worth setting up a room in your house for 1 weekend and let everyone come shop in person so they can see all that is available at once.  That was my "plan" but only 1 person came. 

As far as accepting products from other consultants, I know ladies who are stuck w/ over $30,000 in product, and since they haven't ordered much at all in the last 12 months they can't send it back.  Most is now obsolete due to packaging changes, color changes, or formula changes.  They have no way to advertise it.  I sympathize w/ people like that quite a bit more than I do the Directors who talk them into those situations in the 1st place.  I agree w/ UYC, the Director did originally make that much comission in dollars so no matter which (or who's) particular items are sent back, they are eligible for that same dollar amount in chargebacks.  Perhaps they ought to question they've sold themselves out to so wholly for doing these chargebacks at all. 
*I accepted stuff from other consultants in my return* 

And I am certainly not criticizing or making judgments either...  Just throwing it out there to mull over.

That is what is great about this board -- we do not have to agree on every little thing...