11Then I saw a great white throne and him who was seated on it. The earth and the heavens fled from his presence, and there was no place for them.
12And I saw the dead, great and small, standing before the throne, and books were opened. Another book was opened, which is the book of life. The dead were judged according to what they had done as recorded in the books.
13The sea gave up the dead that were in it, and death and Hades gave up the dead that were in them, and each person was judged according to what they had done.
14Then death and Hades were thrown into the lake of fire. The lake of fire is the second death.
15Anyone whose name was not found written in the book of life was thrown into the lake of fire.
Both are true. It can be the fact that all the souls that are in hell are raised bodily, judged and cast into the Lake of Fire and therefore HELL is cast into the Lake of Fire as a result, or it could also be that on top of this the PLACE called hell that was a holding place for these wicked dead souls is also done away with in some fashion cast into the Lake of Fire.
This is a Biblical view and I am getting it by reading the bible so I don't really care what pagans thought.