The answer by Alexander Mills which uses handleJobs gave me a great starting point, but also gave me this error

warning: run_pending_traps: bad value in trap_list[17]: 0x461010

Which may be a bash race-condition problem

Instead I did just store pid of each child and wait and gets exit code for each child specifically. I find this cleaner in terms of subprocesses spawning subprocesses in functions and avoiding the risk of waiting for a parent process where I meant to wait for child. Its clearer what happens because its not using the trap.

#!/usr/bin/env bash

# it seems it does not work well if using echo for function return value, and calling inside $() (is a subprocess spawned?) 
function wait_and_get_exit_codes() {
    childen=("$@")
    EXIT_CODE=0
    for job in "${childen[@]}"; do
       echo "PID => ${job}"
       CODE=0;
       wait ${job} || CODE=$?
       if [[ "${CODE}" != "0" ]]; then
           echo "At least one test failed with exit code => ${CODE}" ;
           EXIT_CODE=1;
       fi
   done
}

DIRN=$(dirname "$0");

commands=(
    "{ echo 'a'; exit 1; }"
    "{ echo 'b'; exit 0; }"
    "{ echo 'c'; exit 2; }"
    )

clen=`expr "${#commands[@]}" - 1` # get length of commands - 1

children_pids=()
for i in `seq 0 "$clen"`; do
    (echo "${commands[$i]}" | bash) &   # run the command via bash in subshell
    children_pids+=("$!")
    echo "$i ith command has been issued as a background job"
done
# wait; # wait for all subshells to finish - its still valid to wait for all jobs to finish, before processing any exit-codes if we wanted to
#EXIT_CODE=0;  # exit code of overall script
wait_and_get_exit_codes "${children_pids[@]}"

echo "EXIT_CODE => $EXIT_CODE"
exit "$EXIT_CODE"
# end

The answer by Alexander Mills which uses handleJobs gave me a great starting point, but also gave me this error

warning: run_pending_traps: bad value in trap_list[17]: 0x461010

Which may be a bash race-condition problem

Instead I did just store pid of each child and wait and gets exit code for each child specifically. I find this cleaner in terms of subprocesses spawning subprocesses in functions and avoiding the risk of waiting for a parent process where I meant to wait for child. Its clearer what happens because its not using the trap.

#!/usr/bin/env bash

# it seems it does not work well if using echo for function return value, and calling inside $() (is a subprocess spawned?) 
function wait_and_get_exit_codes() {
    children=("$@")
    EXIT_CODE=0
    for job in "${children[@]}"; do
       echo "PID => ${job}"
       CODE=0;
       wait ${job} || CODE=$?
       if [[ "${CODE}" != "0" ]]; then
           echo "At least one test failed with exit code => ${CODE}" ;
           EXIT_CODE=1;
       fi
   done
}

DIRN=$(dirname "$0");

commands=(
    "{ echo 'a'; exit 1; }"
    "{ echo 'b'; exit 0; }"
    "{ echo 'c'; exit 2; }"
    )

clen=`expr "${#commands[@]}" - 1` # get length of commands - 1

children_pids=()
for i in `seq 0 "$clen"`; do
    (echo "${commands[$i]}" | bash) &   # run the command via bash in subshell
    children_pids+=("$!")
    echo "$i ith command has been issued as a background job"
done
# wait; # wait for all subshells to finish - its still valid to wait for all jobs to finish, before processing any exit-codes if we wanted to
#EXIT_CODE=0;  # exit code of overall script
wait_and_get_exit_codes "${children_pids[@]}"

echo "EXIT_CODE => $EXIT_CODE"
exit "$EXIT_CODE"
# end

The answer by Alexander Mills which uses handleJobs gave me a great starting point, but also gave me this error

warning: run_pending_traps: bad value in trap_list[17]: 0x461010

Which may be a bash race-condition problem

Instead I did just store pid of each child and wait and gets exit code for each child specifically. I find this cleaner in terms of subprocesses spawning subprocesses in functions and avoiding the risk of waiting for a parent process where I meant to wait for child. Its clearer what happens because its not using the trap.

#!/usr/bin/env bash

function wait_and_get_exit_codes() {
    childen=("$@")
     for job in "${childen[@]}"; do
         echo "PID => ${job}"
         CODE=0;
         wait ${job} || CODE=$?
         if [[ "${CODE}" != "0" ]]; then
         echo "At least one test failed with exit code => ${CODE}" ;
         EXIT_CODE=1;
         fi
     done
}

DIRN=$(dirname "$0");

commands=(
    "{ echo 'a'; exit 1; }"
    "{ echo 'b'; exit 0; }"
    "{ echo 'c'; exit 2; }"
)

clen=`expr "${#commands[@]}" - 1` # get length of commands - 1

children_pids=()
for i in `seq 0 "$clen"`; do
    (echo "${commands[$i]}" | bash) &   # run the command via bash in subshell
    children_pids+=("$!")
    echo "$i ith command has been issued as a background job"
done
# wait; # wait for all subshells to finish - its still valid to wait for all jobs to finish, before processing any exit-codes if we wanted to
EXIT_CODE=0;  # exit code of overall script
wait_and_get_exit_codes "${children_pids[@]}"

echo "EXIT_CODE => $EXIT_CODE"
exit "$EXIT_CODE"
# end

The answer by Alexander Mills which uses handleJobs gave me a great starting point, but also gave me this error

warning: run_pending_traps: bad value in trap_list[17]: 0x461010

Which may be a bash race-condition problem

Instead I did just store pid of each child and wait and gets exit code for each child specifically. I find this cleaner in terms of subprocesses spawning subprocesses in functions and avoiding the risk of waiting for a parent process where I meant to wait for child. Its clearer what happens because its not using the trap.

#!/usr/bin/env bash

# it seems it does not work well if using echo for function return value, and calling inside $() (is a subprocess spawned?) 
function wait_and_get_exit_codes() {
    childen=("$@")
    EXIT_CODE=0
    for job in "${childen[@]}"; do
       echo "PID => ${job}"
       CODE=0;
       wait ${job} || CODE=$?
       if [[ "${CODE}" != "0" ]]; then
           echo "At least one test failed with exit code => ${CODE}" ;
           EXIT_CODE=1;
       fi
   done
}

DIRN=$(dirname "$0");

commands=(
    "{ echo 'a'; exit 1; }"
    "{ echo 'b'; exit 0; }"
    "{ echo 'c'; exit 2; }"
    )

clen=`expr "${#commands[@]}" - 1` # get length of commands - 1

children_pids=()
for i in `seq 0 "$clen"`; do
    (echo "${commands[$i]}" | bash) &   # run the command via bash in subshell
    children_pids+=("$!")
    echo "$i ith command has been issued as a background job"
done
# wait; # wait for all subshells to finish - its still valid to wait for all jobs to finish, before processing any exit-codes if we wanted to
#EXIT_CODE=0;  # exit code of overall script
wait_and_get_exit_codes "${children_pids[@]}"

echo "EXIT_CODE => $EXIT_CODE"
exit "$EXIT_CODE"
# end