Preheat oven to 350°F (175°C). Grease a 9x5-inch loaf pan or line it with parchment paper and set aside.,

In a large mixing bowl, combine the ground beef, breadcrumbs, chopped onion, milk, beaten egg, ketchup, Worcestershire sauce, salt, black pepper, garlic powder, onion powder, dried thyme, and dried parsley.,

Mix the ingredients until well combined, but avoid overmixing.,

Transfer the mixture to the prepared loaf pan, shaping it into a loaf.,

Spread a thin layer of ketchup over the top of the meatloaf.,

Bake for 60-70 minutes, or until the internal temperature reaches 160°F (71°C) when measured with a meat thermometer.,

Remove from oven and let the meatloaf rest for 10 minutes before slicing and serving.