Abstract: The present invention relates to a universal hanging file system wherein both the frame and the hanging folders may be adjusted as to size, so that the system may be usable to store any desired subject matter. The frame designed to support the hanging files may be adjusted as to width, height and length with the hanging files themselves having a plurality of parallel perforations allowing reduction in size as desirable. The hangers for the file folders may be removed while the file folder is being adjusted in size and may thereafter be re-installed.