A liquidator is usually appointed either by the shareholders, or by creditors through an application to the High Court.  For shareholders, the procedure is generally as simple as signing a resolution.  There are therefore normally no legal costs involved in a shareholder appointment.  In a court appointed liquidation, the costs of applying to the court are a preferential claim in the liquidation.

For more information on the process of placing a company into liquidation, see our Liquidations page.