We consider bilayer quantum Hall systems at total filling factor in presence of a bias voltage which leads to different filling factors in each layer. We use auxiliary field functional integral approach to study mean-field solutions and collective excitations around them. We find that at large layer separation, the collective excitations soften at a finite wave vector leading to the collapse of quasiparticle gap. Our calculations predict that as the bias voltage is increased, bilayer systems undergo a phase transition from a compressible state to a phase-coherent state {\it with charge imbalance}. We present simple analytical expressions for bias-dependent renormalized charge imbalance and pseudospin stiffness which are sensitive to the softening of collective modes.

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