I have been searching for this solution for a while but cannot figure it out or find it.

I am trying to make text displaced by an object. How can I do this? I have attached

If that doesn't make sense, take a look at the image below. The red line is the margin I would like to create, so the text will go all around it no matter where I place it.

Thanks!

You can do it using flowed text. First create the "reverse L" container, select the text and the container and flow it into the frame.

Sorry, I have only been using Inkscape for a few days now. How do I create an object with that shape? Take a look at the pic... this is what I am picturing from your instructions: