Is the resurrection of the righteous and the wicked in the "Last Day" a literal last day in the destruction of the universe?

The resurrection of the righteous and the wicked is spoken of in the Bible as "the Last Day" (John 11:24, John 12:48). The Bible indicates in Matthew 13 in the explanation of the parable of the Wheat and tares, that the end of the world coincides with the two resurrections, one of the righteous dead and the other of the wicked dead. 

Is this day a literal last day and the destruction of the universe including world? 

Clarify • Share • Report • Asked November 14 2013 • Anthony Clinton