If I assume power of attorney for a parent's finances, do I risk my own credit?

My father just lost my mother and he has gotten himself into major financial trouble and is even filing for bankruptcy. He is fully capable of handling everything himself and is in perfect physical and metal health. He does not want to deal with one bill or one thing when it comes to his finances and he wants me to become his POA so I have to deal with them all instead of them coming after him. To me this is his way of avoiding what he has gotten himself into and making me clean up his mess. What kind of credit or legal dangers would this present for me if I were to allow him to make me his POA for this mess?