The financial institution then deposits the money in the court’s bank account (i.e. “the Registry of the Court”), and then is dismissed from the case, leaving the parties to fight it out on who has a superior right to the policy proceeds.
This can be a terribly frustrating problem to deal with. The Law Office of Troy M. Moore, PLLC has represented numerous Claimants in Interpleader cases just such as described above. Call today or email at firstname.lastname@example.org for your free consultation. Take advantage of the expertise already established at our office.