RAYMOND — A dispute over a financial debt escalated into a violent confrontation at a private garage on Mill Street in Raymond earlier this week.

Capt. Don Goulet of the Cumberland County Sheriff’s Department said the victim, a 51-year-old man from Raymond, who is not being identified by police, was run over by a large sport utility vehicle during the incident.

The victim, who owns the garage at 75 Mill St., remains hospitalized at Maine Medical Center recovering from a broken leg and chest injuries.

Richard D. Valliere, 35, of Windham was arrested after the confrontation and faces a felony charge of reckless conduct with a motor vehicle – a GMC Suburban.

Valliere appeared in Portland Unified Court on Wednesday and was being held at the Cumberland County Jail on $1,000 cash bail.

Hubert A. Libby Jr., 51, of Gorham, was charged with misdemeanor assault and was being held at the jail on $500 cash bail. Libby also appeared in court Wednesday.

Goulet said Valliere and Libby went to the garage around 10 p.m. Monday night to argue about a debt that was owed to them by the garage owner. The confrontation escalated after Libby punched the garage owner.

Another garage worker, who was not charged by police, armed himself with a splitting maul because he believed that Valliere and Libby were armed.

Valliere got into the Suburban and ran over the garage owner, police said.

Valliere and Libby then fled in the Suburban before being pulled over by Windham police.