A 56-year-old man was stabbed at the corner of North Market Street and Frazier Avenue on Wednesday night.

Chattanooga Police were advised of the altercation at 7 p.m.

Police located Danny Henderson suffering from a stab wound to the abdomen.

The victim was transported to a local hospital where he received treatment for his injuries.

The suspect was apprehended in the area by Chattanooga Police and transported to the Hamilton County Jail.

Police said the victim and suspect are acquainted and were involved in a dispute over money.

Yong Phouvanh was charged with aggravated assault.