Sorry to hear about your outcome at ALC. I know for months you were writing about the government credit card and other concerns to go there.
Well, I know a Sergeant who failed ALC last year and he is still in the Army. The SGM at the school house told him that he recommends that he comes back ASAP. He failed ALC based on tests as well. Now he has to worry about RCP since and he does not have a P status.
You need to research the regs to see if they apply to your situation. I have been "threatened" in the past due to not completing a school/course. Just understand that command gets the funding for you to go to school and when you do not pass, they did not get their return of investment.
Read the reg below and find out for yourself it it applies to your situation.http://www.apd.army.mil/pdffiles/r600_8_2.pdf