Preheat the oven to 400°F (200°C).

Place the chicken breasts between plastic wrap and pound to 1/2 inch thickness.

Mix garlic powder, onion powder, smoked paprika, salt, and pepper; rub mixture over chicken.

Blend cream cheese and shredded cheddar until smooth; spread over each chicken breast.

Wrap chicken in bacon, securing with toothpicks if necessary.

Heat olive oil in skillet and sear chicken wraps until bacon is golden brown, about 3-4 minutes per side.

Transfer skillet to oven and bake for 20-25 minutes until chicken is cooked through.

Let wraps rest for 5 minutes, then slice and garnish with parsley before serving.