Space debris has become an important issue to deal with in the past few years as the probability of collision in space has augmented. Spacecrafts, Satellites, International Space Station, Probes and various other space objects are under threat as risk of collision at high orbital velocities can be damaging and highly destructive. It has hence become a prior need to find a solution for mitigation of space debris as armouring and shielding satellites and other objects is no longer feasible as it prolongs mission’s and makes it cost derivative. The following is an arbitrary paper to solve the important issue of space debris and its mitigation. This paper is a semi technical survey of the expanding literature of the subject. The paper explores the different sources and mitigation methods of space debris. We have proposed a simple method to deal with this problem of space debris. We feel it can be very effective in the process of mitigation of space debris. The paper proposes the technique of a De-orbit Kit Technique and Magnetic Whipple Cone & Hydraulic Press. This paper inspires to remove all forms of debris orbiting space regardless of its size or material.