Preheat the oven to 400 degrees.
Add the oil to an oven-proof skillet over medium high heat on the stovetop.
Season the chicken with the garlic powder, paprika and salt and pepper to taste, and then wrap each piece of chicken in two pieces of bacon.
Place the chicken into the heated skillet, with the bacon seams pointing down.
Saute for 2-3 minutes each side.
Transfer the skillet to the oven, and bake for 20 minutes.
Turn the broiler on high, and broil for a few minutes until the bacon is crispy.
Remove the chicken from the skillet, and drain the extra oil and grease out.
Return the skillet to the stovetop over medium heat.
Add the butter and garlic, and saute for 1 minutes.
Stir in the chicken broth and heavy whipping cream, as well as salt and pepper to taste.
Simmer until thickened.
Mix in the cheese until completely melted.
Return the chicken to the skillet, top with cheese sauce and serve.