“does not constitute a [constructively] fraudulent conveyance” under New York law); DCL § 272 (stating that the repayment of an antecedent debt may constitute fair consideration). But there is a significant exception to that rule: the repayment of an antecedent debt is never made for fair consideration where the transferee is a “corporate insider,” Frank, 48 F.3d at 635, including “an officer, director, or major shareholder of the trans-feror,” In re Sharp Int’l Corp., 403 F.3d 43, 54 (2d Cir.2005) (internal quotation marks omitted). That exception applies only to payments that satisfy preexisting obligations. Thus, a debtor may receive fair consideration if it makes a payment to a corporate insider in exchange for new value contemporaneously provided. See Frank, 48 F.3d at 635 (<HOLDING>); see also Cilco Cement Corp. v. White, 55
holding that a preexisting or antecedent debt may constitute sufficient consideration to support a mortgage holding that effect of discharge of debt under bankruptcy code is the same as it was under the 1898 bankruptcy act it is not an extinguishment of the debt but only a bar to enforcement of the debt as a personal obligation of the debt or holding that the exception for repayment of an insiders antecedent debt did not apply to a debtors conveyance of two mortgages to a former officer regardless of whether she was a corporate insider because each of her mortgages secured a contemporaneous advance of funds not a preexisting debt holding that the repayment of an antecedent debt constitutes fair consideration holding that a debt incurred for a personal family or household purpose is a consumer debt even though it is secured by the debtors real property