[eyko]

That seems unlikely, but even in that case you'll achieve a lower perigee. It's also extremely unlikely that it would happen - hitting debris when it's directly overhead, yes, but hitting it on a surface that's perpendicular to the laser, like a letter T, probably not.

But assuming we do hit it like a T, the two things happen: loss of mass (laser ablation) and transfer of momentum. Vy will increase but Vx remains constant. The debris is moving in a straight line - that speed doesn't increase, but now it's moving at a different orbit so, relative to its previous orbit, Vx will appear to have reduced (but it hasn't).

But I'm definitely not an expert in orbital mechanics so don't quote me on that.