Cook the bacon and set it aside to cool.

Brown the chicken and cook it through in 2 Tablespoons of the bacon grease.

In a larger soup pan, melt the remaining bacon grease and cook the onion and pepper until soft. Add flour and combine well. Turn up the heat and stir in the bouillon cubes, stock and water. As soon as it starts to boil, reduce heat and let it simmer until a bit thick. Cut up cheese and stir until it all melts. Add bacon crumbles.

Delish.