This paper introduces a mission concept for active removal of orbital debris based on the utilization of the CubeSat form factor. The CubeSat is deployed from a carrier spacecraft, known as a mothership, and is equipped with orbital and attitude control actuators to attach to the target debris, stabilize its attitude, and subsequently move the debris to a lower orbit where atmospheric drag is high enough for the bodies to burn up. The mass and orbit altitude of debris objects that are within the realms of the CubeSat’s propulsion capabilities are identified. The attitude control schemes for the detumbling and deorbiting phases of the mission are specified. The objective of the deorbiting maneuver is to decrease the semi-major axis of the debris orbit, at the fastest rate, from its initial value to a final value of about 6,471 km (i.e., 100 km above Earth considering a circular orbit) via a continuous low-thrust orbital transfer. Two case studies are investigated to verify the performance of the deorbiter CubeSat during the detumbling and deorbiting phases of the mission. The baseline target debris used in the study are the decommissioned KOMPSAT-1 satellite and the Pegasus rocket body. The results show that the deorbiting times for the target debris are reduced significantly, from several decades to one or two years.