May 5 (Bloomberg) — Detroit won bankruptcy court approval of an explanatory statement that creditors will receive before they vote on a debt-adjustment proposal to reduce employee pensions and cut bond debt.

U.S. Bankruptcy Judge Steven Rhodes approved the city’s disclosure statement and a “plain language” explanation of how pension and retiree health benefits for current and former city employees would change under the plan to shrink the city’s $18 billion in debt. Both will be sent to creditors beginning May 12 under a schedule Rhodes approved last month.

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