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There is no bail in this case. It's a monetary judgement that he is appealing and in order to do so, he has to put the money in an escrow account or have a bond company front that money.
He hasn't found a bond company stupid enough to do so, and he doesn't have the cash on hand to do it, so the state will get to seize and sell off his assets until they get to the amount he owes.
I know this is over simplified, but hopefully clears up OPs confusion about bail and jail being in an equation where they don't belong.