Will I incur any legal liability if I open a checking account for my indebted fathers use via power of attorney?

My father is heavily in debt and has not yet declared bankruptcy. The debt stems from a previous business that went under. My father needs a checking account so that he can continue to pay his bills without having to do everything as cash transactions. My question is, if I were to open up an account and give him power of attorney so that he could do these things, would I be open to legal prosecution?